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>> we're standing near the johnson & johnson post. shares are down 1.6%, lori and melissa and we're seeing that to the downside. jpmorgan saying j&j shares are looking pricey. we've watching that. they cut it and downgraded them to a neutral from an overweight. last june, johnson & johnson, this is what they said, was trading at a 5% discount to some of its parts. now the shares are 8% premium. it has been running up. the other thing we should note, compared to its peers it is at 16% premium to large cap pharma names. they're concerned about the first quarter. it has run up so they're pulling back a little bit. back to you. melissa: nicole, thanks so much. so saving his hometown one foreclosure at a time. my next guest bought up nearly 200 foreclosed hopes in an effort to rehabilitate hard-hit carpentersville, illinois. it cost him more than $10 million but he is not stopping there. tom roser is the president of auto engineering. thanks for coming on the show. i want to make sure our audience understands this whole story. you are the
>> we're standing near the johnson & johnson post. shares are down 1.6%, lori and melissa and we're seeing that to the downside. jpmorgan saying j&j shares are looking pricey. we've watching that. they cut it and downgraded them to a neutral from an overweight. last june, johnson & johnson, this is what they said, was trading at a 5% discount to some of its parts. now the shares are 8% premium. it has been running up. the other thing we should note, compared to its peers it is...
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johnson & johnson up about half a percent. other names in the dow jones industrial hitting multiyear highs. a lot of the health insurers have healt helped lift the markt overall with the government and others. one of the reasons you're seeing united health. pfizer, coca-cola, other 52-week highs, multiyear highs, and we have been watching that. the s&p 500 set an intraday high. has not broken the all-time high we set back in october of 2007, but certainly getting closer and closer. of course already surpassed the closing high it set back in 2010. dennis: thank you, nicole. the sky is the limit. our next guest says the next big frontier for the jobs is clouds. joining us from indianapolis. thank you for being with us. the good news is 14 million jobs by 2014 in the cloud, but i read only 1.2 million in the u.s. and canada. why is that? >> cloud computing is here to stay. a powerful trend great for software i and business and gret for organizations using cloud or software or service platforms. we are a shining example of an orga
johnson & johnson up about half a percent. other names in the dow jones industrial hitting multiyear highs. a lot of the health insurers have healt helped lift the markt overall with the government and others. one of the reasons you're seeing united health. pfizer, coca-cola, other 52-week highs, multiyear highs, and we have been watching that. the s&p 500 set an intraday high. has not broken the all-time high we set back in october of 2007, but certainly getting closer and closer. of...
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bank of america and jpmorgan lower, and also add in johnson and johnson & johnson, and the adp report this morning, a little bit weaker, and we're waiting for friday's monthly job report which will be key. back to you. cheryl: this is a big week for jobs data, absolutely, nicole, thank you very much. it could be market moving just talking about it. the adp month le jobs report did show companies were hiring at the fullest pace in five months. the private sector added just 158,000 jobs in march. that did fall short of expectations for a 200,000 pop in hiring. joe hider, financial managing principle joins me now. i first want to talk about the adp report today, a big disappointment. does it foresee that the markets have a rough week to continue to get the data that's disappointing? >> good morning, cheryl. if it continues to be disappointing, i think it will -- it will be a rough week for stocks, but we're not seeing a huge downturn today, and any time you have highs that we've seen over the last couple weeks, this is an opportunity for people to take some profits off the table, so i do
bank of america and jpmorgan lower, and also add in johnson and johnson & johnson, and the adp report this morning, a little bit weaker, and we're waiting for friday's monthly job report which will be key. back to you. cheryl: this is a big week for jobs data, absolutely, nicole, thank you very much. it could be market moving just talking about it. the adp month le jobs report did show companies were hiring at the fullest pace in five months. the private sector added just 158,000 jobs in...
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Apr 17, 2013
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johnson & johnson. some of the utilities. let's go to rich ads in one get on the breaking story in washington, d.c. what do you know about the suspicious package? rich: there are two possibly, three possibly suspicious packages or envelopes throughout senate office buildings. hart and russell. the agency is saying right now capitol police are informing them that there are suspicious packages and envelopes. they have cleared some pieces of the area of those two senate office buildings which are right across the street from the capitol building. the preliminary test for the letter sent to president obama has preliminary tested for ricin. those two were intercepted before hand at a third-party facility. they are being analyzed right now. back to you. dagen: thank you for that. connell: live coverage in the briefing room. jay carney and his briefing on all of those events that rich went up under. ♪ dagen: breaking news from washington, a live picture of the briefing room at the white house. at any moment, we expect to see jay c
johnson & johnson. some of the utilities. let's go to rich ads in one get on the breaking story in washington, d.c. what do you know about the suspicious package? rich: there are two possibly, three possibly suspicious packages or envelopes throughout senate office buildings. hart and russell. the agency is saying right now capitol police are informing them that there are suspicious packages and envelopes. they have cleared some pieces of the area of those two senate office buildings which...
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Apr 22, 2013
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disney, johnson & johnson all-time highs. should note johnson & johnson has been a big favor with the momentum players because it has hit a high of 42 times this year. we also have pfizer and coca-cola on there as well. after a tough week last week. tracy: thank you, nicole. we will see you in a bit. dennis: should your employer have the right to look at your facebook or twitter accounts? many states have introduced privacy legislation this year, but those laws are coming under fire from a very unlikely group. interesting story. gerri willis to join us on this discussion. what is the issue here, what is the group? >> a couple of groups a lot of wall street firms on wall street regulators. wall street executives need access to their employers twitter feeds, to their facebook posts because at the end of the day this is where so much frodo christmas industry. people doling out advice they shouldn't be, and they want to keep control of it. the problem is a lot of people feel like that violates my privacy rights. this information
disney, johnson & johnson all-time highs. should note johnson & johnson has been a big favor with the momentum players because it has hit a high of 42 times this year. we also have pfizer and coca-cola on there as well. after a tough week last week. tracy: thank you, nicole. we will see you in a bit. dennis: should your employer have the right to look at your facebook or twitter accounts? many states have introduced privacy legislation this year, but those laws are coming under fire...
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Apr 17, 2013
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most down, johnson & johnson, coca-cola, and home depot are the only ones trading higher today. we're back after this. ♪ . .. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. melissa: okay. we have some breaking news right now. we are getting reports that investigators believe they have identified a suspect in the boston bombing. the reports go on to say, that this could be originating from that video we saw earlier today. there should be an official announcement that is expected later in the day. this is according to law enforcement sources and multiple reports. we're looking at a potential suspect identified now. lori: let's look at the stock market in reaction to the latest breaking news that a suspect has been identified in the boston bombing, still down, a sharp selloff. off 150 points. let's check in from nicole. she is monitoring things from the new york stock exchange. >> right. it is the kind of day where we have had down arrows all day long. almost every name on the s&p 500 has a down arrow. 4
most down, johnson & johnson, coca-cola, and home depot are the only ones trading higher today. we're back after this. ♪ . .. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. melissa: okay. we have some breaking news right now. we are getting reports that investigators believe they have identified a suspect in the boston bombing. the reports go on to say, that this could be originating from that video we saw...
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Apr 12, 2013
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this was the brainchild of former ceo ron johnson. one. mini shops is called martha celebrations. they had a soft launch of it last week. they're selling what they call easy entertainment items this list is nonexclusive categories, balloons, candy, cupcake liners things like that. these are all the things that j.c. penny is bringing to its stores this spring to try to boost sales. we know the stock price has been suffering down 57% over the past year. so this is a temporary relief for jcpenney. macy's of course says it plans to appeal this decision the judge also points out that j.c. penny can sell these items until the lawsuit is fully decided. and with that, we know that this battle, with martha in the middle isn't over just yet. ashley: not at all but as we saw there stock not really reacting to this victory for penny in court. tracy: what will it take to turn the stock around? ashley: lauren simonetti outside the courthouse. thank you very much. we appreciate it. we just got president obama's tax return. how much did he make and how much did he donate to charity? that is comin
this was the brainchild of former ceo ron johnson. one. mini shops is called martha celebrations. they had a soft launch of it last week. they're selling what they call easy entertainment items this list is nonexclusive categories, balloons, candy, cupcake liners things like that. these are all the things that j.c. penny is bringing to its stores this spring to try to boost sales. we know the stock price has been suffering down 57% over the past year. so this is a temporary relief for jcpenney....
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Apr 26, 2013
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ron johnson is out. he tried to get rid of the promotions. then he brought back the promotions. the store within a store concept. that maybe one good piece of news. a lot of confidence in jcpenney. down almost 60%. today, up nearly 10%. back to you. dagen: thank you, nicole. last week's failure by house leadership to pass a bill that would rework obamacare is just another example that republicans are not ready to tango with the president. wayne rogers is chairman of wayne rogers and company. he joins us from fabulous pensacola, florida. what do you make of this, wayne? >> once again, we are back to politics which is the wrong thing to do here. they are making it a democrat and republican on opposite sides. it should be what is good for the country as a whole. if obamacare does not work, you cannot have a 2200 page piece of legislation that nobody read and voted on. for them to say, okay, we will make this a partisan fight, i think, it is crazy. dagen: at the democrats will never admit that anything is wrong. obamacare, the affordable care act, is a train wreck. they have such li
ron johnson is out. he tried to get rid of the promotions. then he brought back the promotions. the store within a store concept. that maybe one good piece of news. a lot of confidence in jcpenney. down almost 60%. today, up nearly 10%. back to you. dagen: thank you, nicole. last week's failure by house leadership to pass a bill that would rework obamacare is just another example that republicans are not ready to tango with the president. wayne rogers is chairman of wayne rogers and company. he...
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Apr 23, 2013
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five names hitting all-time highs, disney, home depot, proctor & gamble and johnson & johnson. ashley: very good, nicole. thank you very much. tracy: the treasury markets were reacting to that bogus tweet that president obama was injured. sandra smith in the pits of the cme we details. what happened down there when that happened? >> lit up lies -- like a christmas tree. the floor was loud irthan i heard in years. treasury pits, s&p 500 futures pit, currency pit, everything lit up you could tell something was going on. a calm has set back over the markets here. got to tell you there was major reaction. i'm getting interesting reaction from traders on the floor asking them how is this different than a old school rumor 10 years ago that would move the markets, right? we saw a huge dip in the stock index futures. they have since repounded. the big difference this is coming out on more official site like twitter where it is much more real. not a rumor starting at a trade desk in new york where it takes 20 minutes to get around. this spreads fast and affects markets fast. i talked to
five names hitting all-time highs, disney, home depot, proctor & gamble and johnson & johnson. ashley: very good, nicole. thank you very much. tracy: the treasury markets were reacting to that bogus tweet that president obama was injured. sandra smith in the pits of the cme we details. what happened down there when that happened? >> lit up lies -- like a christmas tree. the floor was loud irthan i heard in years. treasury pits, s&p 500 futures pit, currency pit, everything lit...
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ron johnson came on and also last year we have seen the stock, 52 weeks down 52% and their back to trying to do the promotion and having investors and shareholders and people shopping and getting a bargain and it has been beaten down. >> stocks are getting that of the start of earnings season started rebound. we are joined by john butters. tell us what is the overall consensus estimate for one earnings will do for the first quarter, up or down and how much? >> we're looking at a lackluster quarter this earnings season in terms of growth. the estimate is for a decline of 0.6%, down from an expectation of growth of 2% at the start of the quarter. even if companies beat expectations as they typically do we are looking at only growth of 2% to 3% at best, a lackluster quarter in terms of earnings growth. dennis: was look at the chance of an upside surprise because i would swear in the past couple quarters wall street has been conservative on earnings estimates and we ended up having a beach and you point out third quarter 2010 wall street expected 26% growth and got 34%, 2011 they expected 15,
ron johnson came on and also last year we have seen the stock, 52 weeks down 52% and their back to trying to do the promotion and having investors and shareholders and people shopping and getting a bargain and it has been beaten down. >> stocks are getting that of the start of earnings season started rebound. we are joined by john butters. tell us what is the overall consensus estimate for one earnings will do for the first quarter, up or down and how much? >> we're looking at a...
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>> for example, johnson makes baby formula, china, mexico, top markets, thailand, malaysia, vietnam, peru, the top ten. we never talk them as far as the global economy, always america and europe. but they make a lot of money in the countries. connell: what the countries could do for american companies, in many cases. >> gdp growth, birthrate growth, just absolutely amazing. connell: what about that brian? we talked about political risk here and all the issues, the exit strategy for the fed every day, but today i think the focus will be, hey, how are american corporations doing because the earnings reports start to roll in. charles says the countries help the big american companies. your take on corporate profits and where we are. >> well, i think corporate profits stay relatively robust. the consensus forecast seems like there's a slight decline in earnings per share for the upcoming earning season, and that i think that is reasonable. 5% to 6% earnings share growth over the next few years, and a lot of that isn't going to come from foreign sources. a lot to be said about what charle
>> for example, johnson makes baby formula, china, mexico, top markets, thailand, malaysia, vietnam, peru, the top ten. we never talk them as far as the global economy, always america and europe. but they make a lot of money in the countries. connell: what the countries could do for american companies, in many cases. >> gdp growth, birthrate growth, just absolutely amazing. connell: what about that brian? we talked about political risk here and all the issues, the exit strategy for...
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jcpennye's ron johnson, taking a huge cut in 2012. his compensation cut nearly 97% to 1.9 million. >> still a few million bucks. >> almost two million, but that's amazing. >> yeah, we love the perspective checks. >> all right. check the bags, go through security, and step on a scale? >> sure, why not. >> the new airport routine if you are flying samoa air. wow. >> it's been ten years since "finding nemo," ten years, that's surprising; right? now they have a sequel. finding dori make a box office splash? ♪ icious. so now we've turned her toffee into a business. myoal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thoht i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. the longest 4g lte battery in a razr thin profile. with 32 hours of battery life that turns an all-nighter,
jcpennye's ron johnson, taking a huge cut in 2012. his compensation cut nearly 97% to 1.9 million. >> still a few million bucks. >> almost two million, but that's amazing. >> yeah, we love the perspective checks. >> all right. check the bags, go through security, and step on a scale? >> sure, why not. >> the new airport routine if you are flying samoa air. wow. >> it's been ten years since "finding nemo," ten years, that's surprising; right?...
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it is down over 52% in the last 52 weeks and ronson -- ron johnson is trying to turn the company around. back to you. lori: thank you, nicole. there is talk the federal reserve would be ending its easy money policy sooner rather than later. mark vitner. wells fargo. nice to have you on the program. dow is climbing off much lower levels here is. is this a signal in any way shape and form that investors will discontinue this wealth effect we've been feeling for years? >> that is optimistic spin on that. i think it is encouraging that the market is rallying into the afternoon going into the weekend. usually there is a lot of dread going into the weekend. something bad could happen in korea or somewhere else in the world but, i think that today's weaker number really puts to rest some of the talk that we heard this week that the fed was preparing to come up with some plan to taper their asset purchases. they're going it keep buying bonds well into the latter part of this year. we suspect that maybe they will go from $85 billion a month to 80 and possibly in december, but not any sooner than
it is down over 52% in the last 52 weeks and ronson -- ron johnson is trying to turn the company around. back to you. lori: thank you, nicole. there is talk the federal reserve would be ending its easy money policy sooner rather than later. mark vitner. wells fargo. nice to have you on the program. dow is climbing off much lower levels here is. is this a signal in any way shape and form that investors will discontinue this wealth effect we've been feeling for years? >> that is optimistic...
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Apr 29, 2013
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. >> sends ron johnson has left as ceo and michael has taken over, jcpenney needs to raise cash and needs to do it fast. first, they have secured a $1.7 billion line of credit. it is a loan in which they can draw to meet their operational needs. let's take a look at the quote the company put out earlier this morning. this will gistrength we need tor current financial requirements. they have to restock their stores. they have to get inventory and or. $850 million, and line of credit from jpmorgan chase and wells fargo. jcpenney seems to be back on track. take a look at their stock right now. it is up dramatically. whether they can turn this company around has yet to be seen. they put the problems regarding cash behind them. they had announced thht they hired a blackstone group to help them acquire some of this funding. they are using some of their vast real estate holdings as some of their collateral. it will be interesting to see what some of those assets are. dagen: thank you for that, adam. a crazy collapse. thank you. connell: luxury homes. the cofounder of the agency. we are getting r
. >> sends ron johnson has left as ceo and michael has taken over, jcpenney needs to raise cash and needs to do it fast. first, they have secured a $1.7 billion line of credit. it is a loan in which they can draw to meet their operational needs. let's take a look at the quote the company put out earlier this morning. this will gistrength we need tor current financial requirements. they have to restock their stores. they have to get inventory and or. $850 million, and line of credit from...
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Apr 18, 2013
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big management shake-up a few weeks ago ousting ron johnson formerly of apple after a billion dollars sales decline for jcpenney over the last year. melissa: calls to get rid of the board. everybody was concerned about the company and they said they were going to need cash to keep the doors open. lori: they got some at least on a loan basis. that is breaking news. president's choice for labor secretary thomas perez having tense confirmation on capitol hill. peter barnes at capitol hill joins us with details. peter? >> he is a controversial nominee. a inspector general report at the justice department where the perez is head of the civil rights division was critical of a unit he supervises the voting rights section. this report says its employees and management problems go back to the bush administration but continue to today and he should have fixed them. he says is working overhaul to improve hiring practices and management in the sector. he has a reputation as aggressive defender of civil rights. some republicans worry at the labor department he will push new regulations that could
big management shake-up a few weeks ago ousting ron johnson formerly of apple after a billion dollars sales decline for jcpenney over the last year. melissa: calls to get rid of the board. everybody was concerned about the company and they said they were going to need cash to keep the doors open. lori: they got some at least on a loan basis. that is breaking news. president's choice for labor secretary thomas perez having tense confirmation on capitol hill. peter barnes at capitol hill joins us...
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Apr 10, 2013
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losses, new lows for jcpenney, and new ceo, which was the old ceo, called him up, save us, kick ron johnson out. they are looking back to school saying that's the saving grace. lori: thank you, nicole. melissa: grain prices falling at the u.s. department of agriculture forecastedded greater than expected global supplies. sandra smith has a look from the pits of the cme in today's trade. sandra? >> hi, melissa. this is a big report. not onlyygivings a reflect of what's happening in the u.s. global economy, but for our economy, the number one biggest grower and exporter of corn in the world. we live off this stuff, but it affects our stocks. the farm equipment stocks, fertilizers, seed producers, but when you look at corn prices, originally a pop after the report this morning from the usda, but now corn prices have turned lower. world corn supplies will be well above original estimates by the ebb of this crop year. we're not using and consuming as much corn, reflection of the still weaker global economy. soybean stocks also much higher than forecasted, above analysts' forecast. soybean droppi
losses, new lows for jcpenney, and new ceo, which was the old ceo, called him up, save us, kick ron johnson out. they are looking back to school saying that's the saving grace. lori: thank you, nicole. melissa: grain prices falling at the u.s. department of agriculture forecastedded greater than expected global supplies. sandra smith has a look from the pits of the cme in today's trade. sandra? >> hi, melissa. this is a big report. not onlyygivings a reflect of what's happening in the...